# Aave proposes USDe collateral and borrowing support on X Layer

> A concrete listing and risk-parameter package entered governance review; no on-chain configuration change is yet evidenced.

- URL: https://riadefi.com/on-chain/2026-09-22-aave-v3-x-layer-usde-listing/
- Type: Governance
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-09-22
- Version: 1, published 2026-09-23 (first published 2026-09-23)
- Follow-up: 2026-10-06
- Advisor-relevant: no
- Affects: Aave v3 (protocol)

## What happened

An Aave Direct-to-AIP proposal seeks to onboard USDe to the Aave v3 X Layer instance as collateral and a borrowable asset and to add it to five E-Mode configurations.

## What changed

A concrete listing and risk-parameter package entered governance review; no on-chain configuration change is yet evidenced.

## What did not change

USDe has not been shown to be approved or activated on the X Layer market. Final risk parameters, oracle contracts, adapter deployment, and technical review remain unsettled.

## Confirmed

- The proposed USDe address is 0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34.
- The initial proposal specifies a 100 million supply cap, 50 million borrow cap, 70% LTV, and 73% liquidation threshold.
- The proposal would use a Chainlink USDT/USD reference feed with a Stable Price Cap Adapter and 4% upper deviation cap.
- The proposal says final parameters and oracle configuration remain subject to service-provider review.

## Still open

- Whether the AIP will be submitted, approved, and executed.
- Final risk-service-provider recommendations and deployed oracle adapter address.
- X Layer-specific liquidation capacity and bridge-risk assessment.

## What it means for an advisor

- Monitor the AIP and execution record before treating USDe on X Layer as available or reviewed.
- Do not extend the existing Aave v3 memo's narrow approved scope to this proposed market.

## Previous interpretation

The reviewed Aave v3 sleeve is narrowly scoped and does not include the proposed X Layer USDe market.

## Sources

1. [[Direct-to-AIP] Asset Listing - USDe X Layer](https://governance.aave.com/t/direct-to-aip-asset-listing-usde-x-layer/25688) · Aave governance · 2026-09-22


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.